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Search Results 0 to 41 of about 42 (some duplicates have been removed)
and gloom for the market watchers. what's the truth here. >> traders for a long time figured this was no big deal a big oner. recently they started to take action pulling gold prices higher over $1,600 a troy ounce and a weak dollar means that oil prices are spiking higher almost to $100 a barrel. bar the door if we actually have a default then you could see the big impacts a big market sell-off spiking interest rates. >> shepard: default a much bigger deal than a downgrade. a lot of folks suggest a downgrade coming either way. >> a downgrade could come any time. very big impact on consumer interest rates, mortgage rates, small business loans. you name it, they become more exeivel if those interest rates move higher. also stocks could sell off not good news for your 401(k), shep. >> shepard: no doubt. gerri willis fox business news. her report 5:00 eastern time, 4:00 central on the fox business network jewels up the dial. one republican leader says president obama would rather give speeches about the debt crisis than find a solution. but the president's experts say he is the one actually tal
day in solitary confinement today as norwegians rally together. this is not a big country which makes scenes on the streets all the more powerful. flowers still fill the streets of oslo today. it was called the rose march, an extraordinary outpouring of remembrance in downtown oslo spurred first by a single user on facebook. crowds eventually swelled to over 200,000. are you surprised how many people came out? >> no. norway is small country and everyone love each other. >> reporter: it wasn't just norwegians. americans as well. i noticed you came down with both the american flag and the norwegian flag. >> yeah, that's correct. >> reporter: support for both countries? i want norwegians to know everyone is supporting them. >> reporter: norway's prime minister said we are heart broken but not letting fear break us. the fear the result of this man who we got a glimpse of on monday. portraying no emotion. police say he has given them additional information he may have worked with two other terror cells both capable of future attacks. for that reason, he'll spend four weeks in solitary with
worked out, check their lockers, talked with coaches, which they are now allowed to do. the big questions remain of donovan mcnabb. and in fact he was not here today. he is under contract ands is believed that he will be traded, probably to minnesota. rex grossman is a free agent but we believe he will be resigned. and that leaves us with john beck, who, as everyone knows, he is the starting quarterback. beck is in his 5th year out the byu, drafted in the dolphins in '07 and played with the ravens in 2009. a short time ago i spoke with the man who very well could be the redskins starting quarterback. >> john beck, as happy as anybody that the lockout is over. >> glad it is over and we can be back here working. >> and you're back to work and you've talked all along like you are going to be starter. as a quarterback, you have to be confidence. has mike shanahan told you something that he hasn't told us yet, or is there some inside info that you know you are the starter. >> it's just a competition, is what i've been told, the competition to be that guy and i feel confident in that competitio
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
a big $22 billion social security payment august 3rd but recent tax revenues have come in $14 billion higher than expected. >> in other words the treasury on august 2nd stands to have more cash on hand than before and they'll be able to make the big social security payment august 3rd. >> reporter: at most that gives the government one more week. >> can they go up to the 11th hour? >> there's a big cost going to the 11th hour because you start to spook markets. >> reporter: former governor of michigan says in the rescue package in 2008 the dow plummeted nearly 800 points that day. >> boy, was it a disaster, so when you go last minute and you're basically saying you know, don't assume that we have responsible adults that has huge, huge costs we've seen it happen before. let's hope it doesn't happen now. >> reporter: while economists say the risk is remote, the risk of a new recession is very real. if america has to slash its spending to stay under the debt ceiling, the recovery could be over and quickly. anthony mason, cbs news, new york. >>> now to the massacre in norway. the confessed
questions. on the one hand, he loses a day and there are only six days to go. so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
need to budge. >> it probably looks like a big boxing match to them. i don't know. maybe they're sick of both parties. all i can tell you is the republicans are the only folks up here that are trying to act serious and put forth something serious. this president hasn't been serious. he created this mess to a large degree and now he's asking for help in the 11th hour. we will help him, but he's got to work with us to change the way this town does business. >> congressman joe walsh, thank you for joining us. we will be watching closely. >> wonderful to be with you. >> you're watching "bbc world news america." and still to come on tonight's program, love and marriage takes centerstage in new york where gay couples are legal to wed. but it's the economy which could also turn out to be a big winner. >> the family of british senior amy winehouse have thanked her fans for the support they've received since her death on saturday. >> tributes, quiet reflection. eileen had met amy winehouse many times out and about in camden. >> 27 years old. so sad. >> a multi-million selling artist, winner of
far, no charges have been filed. so, the big questions now are of course why did this happen and why didn't boozer tell the child's family that their baby was safe. the other big question is how did boozer and the family get here to d.c. all the way from baltimore. of course, a lot of questions still here that are all part of the investigation but the good news is, of course, that this baby is safe and back with his family. back to you, surae. >> interesting saga. thank you, kristin. >>> it is won to the wire and so far, there is no deal in the bid to raise the debt limit and lower the deficit. and there are just eight days to go. well, senate democratic leader harry reid is working on a plan he says meets the republican's two main goals. spending cuts and no new revenue. meanwhile, house speaker john boehner says he's unveiling a proposal today and conservative lawmakers should be prepared to compromise. >>> i would prefer to have a bipartisan approach to solve this problem. if that's not possible, i and my republican colleagues in the house are prepared to move on our own. it would
have a responsibility to come together and solve the problem. >> reporter: and one of the big issues for democrats is they say the republican plan would sort of expire before the president's re-election campaign, with another vote to raise the debt ceiling again, they say that would put us right back here. republicans say they need to guarantee that cuts would actually happen in the future to prevent more of a crisis. now, after all this wrangling, aides tell me the senior level negotiators in both parties are still talking, trying to find a way to close the gaps. and as you mentioned, brian, speaker boehner will follow the president tonight. he'll speak for about five minutes to lay out why he thinks his plan should get the public support. brian? >> kelly o'donnell setting the stage on capitol hill for us tonight. kelly, thanks. >>> our chief white house correspondent political director chuck todd is with us tonight from the white house. chuck, it seems to me there are almost two planes going on here. number one, the problem itself, and it couldn't be more important the various plan
up enough votes to pass it. also, it may just be too big for congress to deal with only a week left. tahman bradley, abc news, the white house. >> down to the wire. people are fed up. >> they should be. i mean, this is weeks and weeks of this. >> absolutely. >> this is not just some issue on capitol hill. if you have a 401(k) and we do default on august 2nd you're going to see all of us, tens of millions of usus will see an impact. this is an issue that affects everything. >> holding our breath. >>> a chicago man who is turned up in las vegas alive and well three decades after he vanished and was declared dead. he left everything and everyone behind, including his family and friends. abc's ryan owens explains h h he managed to stay under the radar. >> reporter: arthur jones was hiding in plain sight. a man with a gambling problem living in this las vegas home, working at this casino. the 72-year-old was declared dead decades ago. detectives thought he'd been murdered by the mob back in 1979. in reality, he'd sold his seat on the chicago board of trade to settle a massive gambling de
, failing to use the crosswalk. we will be talking to her exclusively this morning. >>> the big 40, the milestone birthday that makes people squirm. but now some women are seizing the day and giving it a brand new meaning. we're going to explore tha further. >>> let's begin with the latest on that deadly shooting rampage in norway. nbc's martin fletcher is in oslo this morning. martin, good morning. >> reporter: good morning. anders breivik is in court right now being arraigned on charges of terrorism. meanwhile here at oslo cathedral, this has become the center of mourning. this drama is just what the confessed killer wants, christian war to defend europe against muslim domination. at noon local time today all of norway paused for a minute silence in memory of the victims who died for one man's obsession. ♪ and at sunday's memorial in the oslo cathedral, king harold and queen sonya cried with their people. a nation shocked, listening with horror to the survivors of the massacre. >> he looked like a police officer. he had all the clothes and the gun and everything. >> it was like
no way, that they're not happy with what speaker boehner put forward for them? >> look, that is a big part of whatever takes place here, because they'rele really digging in. there's some house members who say no new taxes whatsoever, even on the wealthy americans, and the president saying that you need to get some kind of revenue here in order to make the system work for the long term health of the economy. that's very important. what can they come up with that can woo over those republicans who are being very clear about not wanting those taxes to go up. >> dan lothian, thank you. >>> all right. so the two plans on the table right, the democratic backed senator reid plan and the republican led plan from senator -- speaker boehner. let's begin with senator reid's blueprint, cuts $2.7 trillion over the next decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican
. and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without precedent in my lifetime or yours. the united st
against dominique strauss-kahn. cnn has learned there is a big meeting this morning at the manhattan d.a.'s office. are the charges against the former imf chief about to be thrown out? >>> and the media demanding to know the identity of every juror in the casey anthony trial. the judge has to comply. why don't we have the names? >> can we get help here? how the guy got stuck head first in a sewer. 14 minutes past the hour. [ male announcer ] you have dreams for your children. don't let times like these stand in the way of them. protect your family with the gift of financial security. backed by the highest possible ratings for financial strength. new york life. the company you keep. backed by the highest possible ratings for financial strength. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. like new splenda® essentials™ no calorie sweeteners. this bowl of strawberries is l
and a few tears. and it's indescribable. >>> back to the big news in the nfl this morning. the owners and players have now agreed on a deal. it's not just the fans that are cheering but you've got businesses in every city with an nfl team that are sooighing wit relief here. david mattingly joining us. tell us what this means because it goes much more beyond the game. >> you look at the nfl. they have $9 billion in revenue. when you look at each individual city, take atlanta, for example, they had two preseason games last year and eight regular season games. that brought in $56 million into the economy. so you can see that in just about every nfl town everywhere there is a game going on. you were talking about all the people who work at the games and everything like that. >> sure. >> these teams have a lot of people depending on them getting on the field. that is about to happen. we got confirmation today that we will have a vote from the players union today. they're going to be taking it to, first, the players' representatives. >> okay. >> the representatives will take it to the rank
's the big difference. and the period of time. you know, how long each party would cut the debt ceiling forward. and the senate majority harry reid introduced the senate democratic proposal today. that one calls for an immediate debt limit increase for $2.4 trillion. that would provide enough borrowing to last through the 2012 election. and they also cut spending by $2.7 trillion and adds no new revenue to the government. and the house republican plan would raise the limit too, but they would use a two-step process instead. step one, an immediate increase of a trillion dollars in exchange for $2.3 trillion. and that two comes next year. congress would have to cut another $1.8 trillion. if they do that, the debt would be raised again, or should i say the debt limit would be raised again by $1.6 trillion. each party is now taking aim at the other party's plan. >> and i would call this plan less than perfect. and you know, it u does ensure that the spending cuts will be greater than the hike in the debt limit. >> republicans, the short-term plan is a non-starter incentive in the senate and
is it about the american people or one big re-election campaign? we report, you decide. >> meanwhile, the united states government arming a mexican drug cartel for war? and when people said hey, this doesn't smell right, a brand new report says that's when the cover-up began. yes, the cover-up, brian. >> yes, a grandmother confronted by a naked intruder. >> again? >> not in my house! >> be strong. there's always a way to protect yourself. use it! >> but this crook picked on the wrong lady. "fox & friends" the right show for you because we start right now. >> come on in, folks and welcome to our tuesday telecast. we have lots to talk about because the president of the united states and the speaker of the house last night decided it was time to go in front of the american public to make their case. >> again? as brian just said about the other story, again? >> right. >> how many times do we have to have a press conference to try to figure out what the hell to do with our debt? it's one press conference after another and i think the american people are getting darned tired of it. >>
's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. >> i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. >> reporter: enough people did, presumably supporters as well as opponents, that the speaker's web site crashed along with those of a couple of other republicans and at least one democrat. republicans say the president wants a long-term debt ceiling hike to keep it out of his re-election bid. democrats say the bond rating agencies want a long-term hike. a short-term one, they say, would risk a downgrade of this country's credit rating, and that would hike credit interest rates on everyone. jon: the overwhelming number of calls coming into senate offices are urging members to oppose the president's call for tax increases, so we'll see. wendall goler, thank you. jenna: for more on this developing story, we're joined by a congressman who says both sides are responsible for the mess we're in. congressman bill pascal of new jerse
debacle the threat of a credit downgrade is very real. stock sell off is very big. speaker boehner says a dirty word trying to get republicans in line. tonight, the standoff in washington. plus, the moment of the norway explosion caught on tape the blast shook the store and sent people running into the streets. [sirens] of course now we know that was only the beginning. and before the day ended, dozens would be dead. tonight, remembering the victims. and is this man planning yet another attack from behind bars? smile for the cops. >> look in the camera and in a matter of seconds a true identity in all of the criminal record comes back. >> it really has been a game changer. >> shepard: tonight, how police are using facial recognition to confirm your i.d. but, first from fox this wednesday night, never in this nation's history have we faced anything quite like this. make no mistake the politicians have created this crisis that could sink our nation's credit rating. six days to go until the deadline to raise the debt ceiling, officials are warning they may not be able to pay all the countr
their troops and they had a lot of support there from some pretty big members of congress, people like senator jim demint was up there essentially saying if the senate and the house don't agree to some sort of debt ceiling. so this was some pretty tough talk and i also had a chance, this was also a good place for republican presidential candidates to show up. i also had a chance to talk to herrmann cane who was there at this rally and he said something very interesting, they don't think that the country will go into default. they believe that the white house has the flexibility come august 2 if we hit the debt ceiling to pick and choose which programs get funded. social security checks might get money, but the environmental protection agency might not for example. so he feels and a lot of other tea party republicans who are up there also say that this is a manufactured crisis, by the white house to scare the american people. these are his words, herrmann cane's words, not mine. >> have heard several other movement leaders within the tea party saying the exact same thing that august 3 will be n
as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring financial reliability. the european union has also require banks to increase capital in line with risk exposure. that risk is measured by the ratings agencies. >> the influence of ratings agencies lies on the one hand in the way their evaluation system has been incorporated into legislation. on the other hand, many business contracts are tied to the marks of the ratings agencies. that means certain private investors will only invest if there is a certain rating. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agenc
? >> there is a potential connection in the sense that if the u.s. were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate, is that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quite risk-averse. and one of the reasons we're going through a soft patch, it's not the only reason, one of the reasons is this uncertainty. and what is triggering is risk aversion on the part of businesses and consumers. so already in a sense they're anticipating or worried about what migh
Search Results 0 to 41 of about 42 (some duplicates have been removed)